The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Interims out this week. I expect the good progress from last year will continue to reflect in the results. Hopefully this should get some momentum behind the share price. Pre-covid we were heading to £2+ and since then none of the excellent string of news items have been priced in. This can move very fast with a bit of buying pressure
I've communicated with Jose recently and he has been clear that our major shareholder wants a trade exit. Companies with far fewer deployments than Mirada have sold for between $30m and $90m over the past few years so it's anyone's guess what we could go for should a takeover bid come in.
I genuinely believe there is a real chance of a takeover bid here. They are rubbing shoulders with multi billion blue chips and, as a tech minnow operating in an exciting sector, it's only a matter of time before Tinajero forces a trade exit.
The loan is no longer repayable to align in cash which diminishes the debt. They've taken shares which is bullish. Align have a 20p price target on the information we have at hand. Any new developments are not yet priced in. I personally think we are close to a special situation reveal. Let's see what next week brings
Basically align have taken repayment of their loan as shares. They could've waited until maturity date in 2021 and receive it back as a lump sum cash payment. The fact they are converting it to equity is bullish. Align also do not immediately flip their stock. They'll be holding in line with their target price which is at many multiples of the current share price. This bodes well
AST have claims in excess of £50m. If they settle for just £20m, it would value the shares at 27p on cash basis with assets thrown in for free. NPV of Slovenian asset is £200m. Current SP 5.8p @ MCAP £4.4m. The upside is staggering
Fantastic volume today. 8% of the float traded in opening two hours. Bit of consolidation and then next leg up which will be more explosive. Plenty of news in the pipeline and warrants at 4/5.5p will have it cashed up beautifully to progress various workstreams. CEO has £100k at 5p. I have double digit targets here, it's the easiest money one will make now that the long downtrend has reversed and momentum has swung upwards
Next few weeks going to be exciting. AST certainly have the negotiating hand and a strong case for the Slovenian government to succumb to talks. They're taking the board seriously for now. Huge Q4 ahead for multiple news items. AST well and truly in play now.
https://twitter.com/JimPrice83/status/1318860588089548805?s=19
My concerns are manifold:
1- there are no executives in position at the moment and also no CEO which indicates nothing material is going on.
2- The chart has broken down at support which was an all time low, from a technical perspective this could now breakdown a lot further in the absence of news
3- Having read the accounts carefully and queried them with management I believe they are likely to raise cash by December.
4- Covid-19 is going through a second wave - restrictions worldwide are hitting the oil market and the jurisdictions in which the company operates pretty hard.
It's a bleak time for shareholders. I am keen to see a turnaround and hope to take advantage of this opportunity should it arise.
Agreed. It's interesting why someone would post such a rumour on a public forum. Surely you should've done as I did and got in touch with the company to clarify. Now that momentum has turned up and with so much newsflow to look forward to I can't help but think you're after a lower entry. The clock my friend is ticking, one week or so before the cooling period expires and imv material newsflow begins to land
I had comms with Andrew Dennan regarding your post and what I have been told is 100% incongruent with your post. The CEO is optimistic regarding their relationship with Geoenergo. Posting baseless and unsubstantiated rumours is a form of market manipulation and I am not surprised that it has been removed.
The RNS last month clearly stated that litigation financiers have been proactively approaching the company since the letter went out. They know this is a golden opportunity for them to make some easy money. AST will have a strong case and soon we will hear exactly what's been discussed behind closed doors. A week to go before the 3 month cooling off period expires and all is revealed.
Cash at end of June was £300k. Chuck in post period raise of £700k and you have nigh on a £million to utilise. Healthy cash position has forced city players to buy open market hence pushing the price up. 20% of the float has been taken out in the past 2 months setting us up perfectly for Q4. News due on multiple fronts each with the potential of transforming the share price. The downtrend is finally turning. GLA